GM has effectively decided to shut down Cruise and absorb its teams and autonomous technology. It will focus on developing autonomous systems for personal vehicles rather than public use. This ...
GMNA's breakeven point of about 10 million-11 million units is drastically lower than it was under old GM. GM may have to see a US recession to prove it can do much better than old GM before the ...
Microsoft (MSFT) expects an $800 million charge from its minority stake in General Motors (GM) now shut down the robotaxi unit. The tech giant made a strategic investment in the robotaxi business ...
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The decision to instead focus on providing autonomous technology in personal vehicles followed a year of GM trying to refocus and relaunch Cruise after an October 2023 pedestrian crash opened up ...
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SAN FRANCISCO, Dec 11 (Reuters) - General Motors' (GM.N), opens new tab decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the ...
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